Post
Topic
Board Trading Discussion
Re: How to read whale alerts?
by
ven7net
on 09/04/2021, 11:19:28 UTC
Hello guys,

When I see a Whale Alert on twitter, the replies following a given alert looks like going on the opposite direction of what I am interpreting on that alert.

For example, I see an alert like:

"🚨 500 BTC transferred from unknown wallet to Coinbase"

My interpretation of this, is that this whale is expecting the price to go up, so its moving a part of their BTC into an exchange to start trading leveraging that capital.

But, the comments I read on the style "game over" or "time to move to ETH" suggest the opposite.

How do you guys read the Whale Alert tweets?

Thanks!

As for me, this is a common manipulation and you are unlikely to be 100% able to determine what this or that message was for. As you correctly noted, very often such messages are accompanied by back comments, and this is probably also part of the manipulation. The task is not to let you and me understand what exactly will happen, thereby confusing and making money on you and me. It is because of this that I began to believe with great caution in such statements and comments and I try to analyze the situation on the market more and draw my own conclusions.